Suppose the Federal Reserve lowers the federal funds rate. Put the following changes in order in which they occur, starting with the changes that take place almost immediately and ending with the changes that may occur up to a year afterwards:
i. Quantity of money increases.
ii. Quantity of reserves increases.
iii. Aggregate demand increases.
iv. The long-term real interest rate falls.
A) ii-i-iv-iii B) i-ii-iii-iv C) i-ii-iv-iii D) ii-i-iii-iv E) iii-iv-i-ii
A
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The U.S. Census Bureau estimates the number of illegal immigrants by subtracting the:
A. Sum of the past annual flows of legal immigrants from the past annual inflows of all immigrants B. Current number of legal immigrants from the current total number of all immigrants C. Current of legal immigrants from the past annual inflows of all immigrants D. Sum of the past annual flows of legal immigrants from the current total number of all immigrants
In the above table, the average variable cost at 2 units of output is
A) $1.00. B) $2.00. C) $4.00. D) $4.80.
One of the primary advantages of using econometrics over typical results from economic theory, is that
A) it potentially provides you with quantitative answers for a policy problem rather than simply suggesting the direction (positive/negative) of the response. B) teaching you how to use statistical packages C) learning how to invert a 4 by 4 matrix. D) all of the above.
The basic tax rate on taxable corporate income is:
A. 15 percent. B. 22 percent. C. 35 percent. D. 52 percent.